"Thus we have proceeded, disposing of our primary legislation, demonstrating to general acceptance the rectitude of our awards and distributions of profit, determining questions of social doctrine, perfecting methods of order, and developing our industry, with a fair measure of success. In this latter respect the following statistics will indicate partially the progress we have made.

"We commenced in 1843, as before mentioned, with a dozen subscribers, and an aggregate subscription of $8,000. On the 30th of November, 1844, upon our first settlement, our property amounted in round numbers to $28,000; of which we owed in capital stock and balances due members, say, $18,000. The remainder was debt incurred in purchasing the land, $9,000; implements, etc., $1,000; total, $10,000.

"Our population at this period, including members and applicants, was nearly as follows: Men, thirty-two; women, nineteen; children of both sexes under sixteen years, twenty-six; making an aggregate of seventy-seven. At one period thereafter our numbers were reduced to about sixty-five persons.

"On the 30th of November, 1852, our property was estimated at $80,000, held as follows: capital stock and balances of account due members, say, $62,800; permanent debt, $12,103; floating debt, $5,097; total, $80,000. Dividing this sum by 673, the number of acres, the entire cost of our property is $119 per acre.

"At this period our population of members and applicants is as follows: men, forty-eight; women, thirty-seven; adults, eighty-five; children under sixteen years, twenty-seven; making an aggregate of one hundred and twelve.

"Dividing the sum of property by this number, we have an average investment for each man, woman and child, of over $700, or for each family of five persons, say, $3,600. Dividing the sum of our permanent debt by the number of our population, the average to each person is, say, $107.

"For the purpose of comparing the pecuniary results of our industry to the individual, with like pursuits elsewhere, we make the following exhibition: In the year 1844 the average earnings of adults, besides their board, was three dollars and eighty cents a month, and the dividend for the use of capital was 4.7 per cent.

1845. Earningsof labor was$8.21 per month.
of capital05.1 per cent.
1846. Earningsof labor2.73 per month.
of capital04.4 per cent.
1847. Earningsof labor12.02 per month.
of capital05.6 per cent.
1848. Earningsof labor14.10 per month.
of capital05.7 per cent.
1849. Earningsof labor13.58 per month.
of capital05.6 per cent.
1850. Earningsof labor13.58 per month.
of capital05.52 per cent.
1851. Earningsof labor14.59 per month.
of capital04.84 per cent.

"It is to be noted that when we took possession of our domain, the land was in a reduced condition; and upon our improvements we have made no profit excepting subsequent increased revenue, they having been valued at cost. Also that our labors were mainly agricultural until within the last three years, when milling was successfully introduced. We have, it is true, carried on various mechanical branches for our own purposes, such as building, smith-work, tin-work, shoe-making, etc.; but for purposes of revenue, we have not to much extent succeeded in introducing mechanical branches of industry.

"Furthermore, we divide our profits upon the following general principles: For labors that are necessary, but repulsive or exhausting, we award the highest rates; for such as are useful, but less repugnant or taxing, a relatively smaller award is made; and for the more agreeable pursuits, a still smaller rate is allowed.